Federal regulation becomes alleven the more important when managing a development as significant as AI. Public concerns can be assuagedmitigated at this stage of the sector's blooming without being too invasive. The hyper-competition that ChatGPT's arrival has sparked needs to be monitored, and controlled, if necessary, to ensure that AI remains a malleableresponsible technology that benefits the world.
TheAntitrust rapid advancement of technologies like AI opens a field day for antitrust agencies. They must allow the market to unfold instead of being self-righteously proactive and overbearing. AgenciesRegulatory agencies often operate with considerable autonomy, — allowing them to shape the regulatorydialogue landscape and maintain a narrative of protecting consumer interests. They must be cautious not to go overboard and stifle a nascent and promising industry.
There is a 67% chance an international AI regulatory agency, like IAEA, for oversight of transformative AI systems, will be established before 2030, according to the Metaculus prediction community.
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